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Integration And Behavior In The U.S. Winter Market For Fresh Tomatoes

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  • Jordan, Kenrick H.
  • VanSickle, John J.

Abstract

Alternative hypotheses of market integration in the U.S. winter market for fresh tomatoes were evaluated using a dynamic model of spatial price adjustment. The results showed that while Florida and Mexico were integrated in the same market, a price change in one area was not instantaneously reflected in the other. Lagged effects were important with long-run integration being supported for both Florida and Mexico and short-run integration for Mexico. However, the information flow, while relatively efficient, was not symmetric. Florida was found to be dominant in the price formation process with Mexico responding to changes in the Florida price.

Suggested Citation

  • Jordan, Kenrick H. & VanSickle, John J., 1995. "Integration And Behavior In The U.S. Winter Market For Fresh Tomatoes," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(1), pages 1-11, July.
    • Handle: RePEc:ags:joaaec:15349
    DOI: 10.22004/ag.econ.15349
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    References listed on IDEAS

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    1. Barry K. Goodwin & Ted C. Schroeder, 1990. "Testing Perfect Spatial Market Integration: An Application to Regional U.S. Cattle Markets," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 12(2), pages 173-186.
    2. Buckley, Katharine C. & VanSickle, John J. & Bredahl, Maury E. & Belibasis, Emil & Gutierrez, Nicholas, 1986. "Florida and Mexico Competition for the Winter Fresh Vegetable Market," Agricultural Economic Reports 308009, United States Department of Agriculture, Economic Research Service.
    3. W. L. Adamowicz & S. O. Baah & M. H. Hawkins, 1984. "Pricing Efficiency in Hog Markets," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 32(3), pages 462-477, November.
    4. Engle, Robert F. & Yoo, Byung Sam, 1987. "Forecasting and testing in co-integrated systems," Journal of Econometrics, Elsevier, vol. 35(1), pages 143-159, May.
    5. David A. Bessler & Jon A. Brandt, 1982. "Causality Tests in Livestock Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(1), pages 140-144.
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    Cited by:

    1. Epperson, James E. & Estes, Edmund A., 1999. "Fruit And Vegetable Supply-Chain Management, Innovations, And Competitiveness: Cooperative Regional Research Project S-222," Journal of Food Distribution Research, Food Distribution Research Society, vol. 30(3), pages 1-6, November.
    2. Fabio Gaetano Santeramo, 2015. "Price Transmission in the European Tomatoes and Cauliflowers Sectors," Agribusiness, John Wiley & Sons, Ltd., vol. 31(3), pages 399-413, June.
    3. Gunter, Lewell F. & Ames, Glenn C.W., 1997. "The U.S. Mexican Winter Market Trade Dispute," Faculty Series 16682, University of Georgia, Department of Agricultural and Applied Economics.
    4. Muhammad Aamir, Shahzad, 2017. "Price Forecasting Model for Perishable Commodities: A Case of Tomatoes in Punjab, Pakistan," MPRA Paper 81531, University Library of Munich, Germany, revised 01 Aug 2017.
    5. Shrestha, Rudra Bahadur & Huang, Wen-Chi & Ghimire, Raju, 2014. "Market Price Cointegration Of Tomato: Effects To Nepalese Farmers," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 2(2), pages 1-10, April.

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